Accounting records are documents provided to analyze and also prepare financial statements. Accounting documents are also papers which deserve to be offered to assess the performance of a agency and also also serves as source of documents for audit objectives.

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The followings are important parts of bookkeeping records; balance sheet, statement of cash circulation, the ledgers , the journals, earnings statements and so on.



Assume the money supply is $800, the velocity of money is 8, and the price level is 2. Using the quantity theory of money: a. De

ptcouncil.net:

a. Real output = 3200

b. The nominal output = 6400

c. The actual output rises through a rise in 20% money supply.

Explanation:

Money supply = $800

Velocity = 8

The price level = 2

The amount theory is as follows:

Money supply × Velocity = Price level × Real output

800 × 8 = 2 × Real ouput

Real output = 3200

b. the nominal output = Price level × Real output

the nominal output = 2 × 3200 = 6400

c. the climb in money supply = 800 × 20% = 160

new money supply = 800 +160 = 960

Money supply × Velocity = Price level × Real output

960 × 8 = 2 × Real ouput

Real output = 3840

The real output boosts via an increase in 20% money supply.


6 0
9 months ago

Government plans that rise the permanent economic development price by a small amount cause ______ in average living standa
Flauer <41>

ptcouncil.net:

Great boost

Explanation:

Government plans that increase the permanent financial growth which increases GDP and per capita revenue.

I hope my ptcouncil.net helps you


4 0
8 months ago

ike began a calendar-year organization on September 1st of this year by paying 12 months of rent on his shop at $650 per month. Wh
frosja888 <35>

ptcouncil.net:

$7800 under the cash technique and also $2600 under the accrual method

Explanation:

Calculation to recognize the maximum amount of rent that Mike can deduct this year under each form of accounting method

UNDER THE CASH METHOD

Cash method=$650*12

Cash method=$7800

UNDER THE ACCRUAL METHOD

Accrual technique =4 months*650

Accrual method =$2600

(September first to December 31st =4 months)

Thus the maximum amount of rent that Mike can deduct this year under each type of accountancy strategy is :$7800 under the cash method and also $2600 under the accrual method


8 0
7 months ago

What is one distinction between fixed-rate mortgages and also variable-price mortgages?
satela <25.4K>
The correct ptcouncil.net must be B. The interemainder price might readjust relying on the problem of the economy.Fixed-price mortgperiods store the very same rates as they were declared at the moment of the contract signing, which have the right to either be excellent for the perboy or the bank relying on the economy fluctuations. Variable-rate mortgeras change based on the economic situation which implies that the problems are constantly retained to a specific traditional.
6 0
1 year ago

Mortar Corporation obtained 80 percent of Granite Corporation"s voting common stock on January 1, 20X7. On December 31, 20X8, Mo
Varvara68 <4.7K>

ptcouncil.net:

Following are the solution to this question:

Explanation:

In point a:

Its purchase of assets by a subsidiary to save does not affect the gathered depreciation accounts of the balance sheet as we will do the requisite removal of intrafirm transactions, while consolidating the two, accumulated deflation will be increased by $135,000

Asset expenses = 400,000

10 Days of Existence

ptcouncil.nett an early stage

*

In 4 years (2005 to 2008) - $160,000 would"ve been a value about.

The collected loss was diminished by $160,000 when this was marketed.

In the year 2009,

*
are paid for the depletion of Mortar.

The depletion surplus

*
is to end up being rerelocated
*
.

Tax due must be removed from 160,000 fewer excess depreciation

*
, i.e. 135,000 when consolidating.

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In allude b:

Planet depreciation = 33,000/5.5/2 (Planet price /2) = 3000 Planet depreciation.

Sky would"ve had bee = 36 000/8/2 = 2,250 Half a year of degradation

The crediting of depletion expenses for consolidating entries eliminates the additional depreciation of $750 (3,000-2,250).